(POLL) Should Greece just go ahead and admit defeat and default?
MsMorrisine
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Seems like they already have defaulted. Anyone with any sense can tell.
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
At some point, the system will collapse enough that it will be unworkable. The problem with young marxists running any country is that people get hurt and nobody accomplishes anything productive, for many years hence.
I knew it would happen.
"The world's immediate economic future rests with a prompt decision by Germany to abandon its dreams of empire and cut off funding for the PIIGS. Such a move would protect Germans from unlimited bailout requests, save the people of the PIIGS from unnecessarily harsh austerity measures, and provide a needed reprieve for the euro and international fiat currencies." - John Browne
Fiddling While the Euro Burns
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
EU just gave them a small quick cash bailout, then next day they announce earnings have been lowered and will be less than projected.
And their drama daytime saga continues on
Knowledge is the enemy of fear
<< <i>The market has already "defaulted" Greece. Better question is whether Portgual, Spain or Italy should admit defeat and default. >>
and an even better question: will the US ever default if Greece """never defaults."""
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey